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Telix Pharmaceuticals (NASDAQ:TLX) Reaches New 12-Month Low - Here's What Happened

Telix Pharmaceuticals logo with Medical background

Key Points

  • Telix Pharmaceuticals shares hit a new 52-week low at $9.80 during trading, closing at $10.37 with a significant trading volume of 242,440 shares.
  • Despite the drop, the stock maintains a consensus rating of "Buy" from four analysts, with a target price averaging $22.33.
  • Institutional investment in Telix is rising, with multiple firms purchasing new stakes, indicating potential confidence in the company's future performance.
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Telix Pharmaceuticals Limited (NASDAQ:TLX - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $9.80 and last traded at $10.37, with a volume of 242440 shares. The stock had previously closed at $12.10.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. William Blair reissued an "outperform" rating on shares of Telix Pharmaceuticals in a research note on Wednesday, July 9th. Wedbush reissued an "outperform" rating and issued a $22.00 price objective on shares of Telix Pharmaceuticals in a research note on Thursday. Finally, HC Wainwright started coverage on Telix Pharmaceuticals in a research note on Thursday, July 3rd. They issued a "buy" rating and a $23.00 price objective on the stock. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $22.33.

Check Out Our Latest Research Report on TLX

Telix Pharmaceuticals Stock Down 13.8%

The company has a current ratio of 2.78, a quick ratio of 2.66 and a debt-to-equity ratio of 0.99. The company has a 50-day moving average of $14.20 and a 200 day moving average of $16.16.

Hedge Funds Weigh In On Telix Pharmaceuticals

Several institutional investors have recently bought and sold shares of TLX. Private Advisor Group LLC bought a new position in Telix Pharmaceuticals in the 1st quarter valued at $170,000. ABC Arbitrage SA bought a new stake in shares of Telix Pharmaceuticals during the first quarter worth $451,000. Blair William & Co. IL bought a new stake in shares of Telix Pharmaceuticals during the second quarter worth $217,000. Vanguard Personalized Indexing Management LLC bought a new stake in Telix Pharmaceuticals in the second quarter valued at about $297,000. Finally, Pier Capital LLC bought a new stake in Telix Pharmaceuticals in the second quarter valued at about $3,037,000.

Telix Pharmaceuticals Company Profile

(Get Free Report)

Telix Pharmaceuticals Limited. engages in the development and commercialization of several clinical-stage oncology assets. It operates through the following segments: Commercial, Product Development, and Group and Unallocated. The Commercial segment includes sales of Illuccix and other products subsequent to obtaining regulatory approvals.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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